Enrico Perotti, Javier Suarez

Insurance against Systemic Crises

  • Abstract

Informations and abstract

Keywords:

Most financial system reform proposals rely on better managed, anti-cyclical capital requirements, or some sort of insurance. This article argues that mandatory liquidity insurance would be more effective. The insurance premiums - linked to maturity mismatch and term structure - would essentially be pre-payment for the cost of future financial crises and held in an Emergency Liquidity Insurance Fund.

Trova nel catalogo di Worldcat

Article first page

Article first page